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Journal entry for accumulated depreciation

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Reference no: EM1310043

Greetings Online disposed of a van that cost $22000 with accumulated depreciation of $15000. The journal entry would be to:

A. Debit accumulated depreciation $15000, debit depreciation expense $7000, credit can $22000.
B. debit loss disposal of plant asset $7000, debit accumulated depreciation $15000, credit van $22000.
C. Debit accumulated depreciation $15000, credit van $15000
D. None of the above.

Reference no: EM1310043

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